Guideline Value for CHURCH STREET

Church Street guideline value

The current guideline value of Church Street in Othakkalmandapam village is Rs 225 per sq.ft, effective from the 2024 revision. This street falls under the Kinathukkadavu SRO and is classified as Residential Class I Type - II.

How the guideline value of Church Street has changed

The guideline value for Church Street has undergone several revisions over the years. The 2012 revision set the value at Rs 150 per sq.ft, which then changed to Rs 100 per sq.ft in 2017, marking a decrease of 33%. Following that, the value saw a significant increase of 100% in the 2023 revision, bringing it to Rs 200 per sq.ft. The latest revision in 2024 has further raised the guideline value to Rs 225 per sq.ft, reflecting a 13% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Church Street. Overall, from 2012 to 2024, the guideline value has increased by 50%.

Guideline values in Othakkalmandapam

In Othakkalmandapam, there are 110 streets under the Kinathukkadavu SRO that carry a guideline value for 2024, ranging from Rs 225 to Rs 1,010 per sq.ft, with a median value of Rs 560 per sq.ft. Church Street's guideline value is below this median.

• Easwaran Koil Street: Rs 340 per sq.ft (2024)
• Gandhiji Street: Rs 340 per sq.ft (2024)
• Bathrakaliyamman Koil St: Rs 340 per sq.ft (2024)
• Barathiar Street: Rs 340 per sq.ft (2024)
• Bajanai Koil Street: Rs 340 per sq.ft (2024)
• Azhagumuthu Gounder Street: Rs 340 per sq.ft (2024)

Stamp duty and registration fee for property in Church Street

For a 1,000 sq.ft plot at the current rate of Rs 225 per sq.ft, the guideline value would be Rs 2,25,000. The stamp duty at 7% would amount to Rs 15,750, and the registration fee at 2% would be Rs 4,500, making the total Rs 20,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Church Street?

The Sub Registrar Office that covers Church Street is the Kinathukkadavu Sub Registrar Office, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Othakkalmandapam

The guideline value is a crucial factor in the registration process when buying or selling property in Othakkalmandapam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Church Street?

The current guideline value of Church Street is Rs 225 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then increased to Rs 200 per sq.ft in 2023, and finally to Rs 225 per sq.ft in 2024.

What is the land classification of Church Street?

Church Street is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Kinathukkadavu Sub Registrar Office?

The Kinathukkadavu Sub Registrar Office is located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone.

How is the stamp duty calculated for properties in Church Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,25,000, the stamp duty would be Rs 15,750 at a rate of 7%.